Top 6 Services In Outsource Payroll For Small Businesses in India
Today, PAYROLL has been the most outsourced function in the business world!!!!
Outsource Payroll Services – The Way You Want It
Online access from anywhere
Dedicated payroll experts at your service
24/7 support
By Outsourcing What Do You Accomplish?
Becoming more productive
Attract and develop employees
Stay compliant
Save money
Services Your Business Can Outsource Under Payroll:
Outsourcing Payroll services provide well-informed experts on payroll tax and regulatory requirements, keeping you compliant and free of day-to-day payroll obligations. They provide administrative services such as direct deposit and automatic deductions from paychecks, and most services guarantee their work and are less likely to incur penalties for inaccurate or late filing.
The below mentioned are services widely outsourced under management which will help your business succeed:
Time & Attendance Solutions
As a business owner, you’re focused on saving both. Take a closer look at how your company manages employee time and attendance to assess where you could be saving. How well is your current system helping you control costs and facilitate efficient work processes?
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SME Joinup’s top payroll outsourcing service providers for time and attendance, which offers biometric reading, badge, keypad, Web entry, or even smartphone that has helped minimize the lost-time instances and boost employee productivity. Plus, each of the solutions are integrated with the payroll service and offers built-in workflows.
Below are Top Time & Attendance Service Providers:
PaySquare
Managing leave data can indeed be a challenging task when done manually or using traditional methods. A technology that simplifies leave management is most needed for streamlining leave and attendance data and Paysquare’s System helps Clients achieve the same.Paysquare’s Leave Management System enables clients to focus on strategic goals rather than bothering about day to day leave and attendance related operations.[aw2_module slug=’external-buttons’ name=’PaySquare’ website=’http://www.paysquare.com’ /]
TopSource
TopSource brings to midsize companies a level of service and business value previously available only to the largest corporations. Our services are easy to deploy, highly affordable, and are readily scaled from basic payroll and accounting functions to deliver greatly expanded value as your needs – and your company – grow.
TopSource’s leave management system is a web-based service. It is integrated into their Payroll and HR systems. It enables you to better manage your staff and lower your costs. It provides accurate data on attendance. It enables staff to better manage their lives and expectations. It ensures your payroll will be correct. (This often a source of staff friction.). It allows managers and staff to automate the entire leave management process – greatly reducing paperwork.
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Finsmart
By following effective procedures and systems we at Finsmart Solutions aim to play an integral role in the growth of our customers. Over a period of time many companies from different business segments including SMEs, Startup units and MNCs have trusted Finsmart Solutions for their accounting and payroll needs. Finsmart Solutions ensure that you are relieved from day to day worries of accounting and payroll thereby allowing you to stay focused on building your business.
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Statutory Compliance Solutions
Timely and efficient statutory compliance process means:
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Avoiding legal implications & penalties
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Access to regional and local expertise
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Centralized error free data & documents that is readily available
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Professional support during inspections / audits
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Assured ethical practices with strict timeline adherence
SME Joinup’s top payroll outsourcing service providers for Statutory Compliance service providers, offers this service as an ideal solution for the small businesses. The range of services include trust management services, query management, factory compliance service, payroll compliance management, CLRA management, shops and establishment compliance services.
Below are Top Statutory Compliance Solution Service Providers:
PaySquare
Keeping a track of changing government norms and regulations at all times is one of the challenges faced by many companies. Paysquare offers a range of services to help companies deal with such challenges, by understanding their business and providing necessary consultation.
Paysquare’s Dedicated Compliance Team keeps a track of changing laws and updates the clients of the same apart from the regular monthly activities. Paysquare offers a range of services to help companies deal with these challenges. We aim at understanding our clients business and the various factors that affect it, as well as keeping ourselves updated with changes in statutory compliances.
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TopSource
TopSource brings to midsize companies a level of service and business value previously available only to the largest corporations. Their services are easy to deploy, highly affordable, and are readily scaled from basic payroll and accounting functions to deliver greatly expanded value as your needs – and your company – grow. Delivery of their efficient and flexible services is made possible by exclusive TopSource technology, most notably their Portico™ HR Data Tracking, archive and workflow system.
Intero Solutions
Intero Solutions offer Statutory Compliance related to labour laws that enable the corporate partners to focus on their core business while ensuring them to be law abiding entities. INTERO HR Management Consultants takes care of all aspects of statutory compliances from obtaining the license, handling inspections by government officials. Maintaining the registers, records and filing returns along with due payments will be taken care of by Intero.
They also facilitate the client to obtain the necessary exemptions for un-interrupted and hassle-free operations. We will apprise the client of any changes in the legislations for appropriate and timely actions to ensure complete compliance.
Leave Management Services
Leave management is one of the most important Payroll processes, which consume a small but significant portion of managerial time. Although this does not take too much time, approving leaves is a delicate balancing act. On one hand, HR has to ensure compliance with leave policy and ensure availability of sufficient resources for business continuance, while on the other it has to improve employee satisfaction. Most of us have witnessed bitter manager-employee relation on issuing of leaves making leave management a strategic task for the organization.
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Using Leave Management, HR Professionals can:
- Perform all of the functions that employees and managers can perform
- Edit leave records
- Delete leave records
- Manage leave policy assignments
- Edit the employee’s service date
- Assign leave policies during the hire process
- Report on aggregate data for leave policies
SME Joinup’s top payroll outsourcing service providers for Leave Management service providers. Companies can establish and enforce the rules for all of their leave policies, and build workflows into the system so that the person responsible for the request is making the request. Routing and approvals can also be customized based on a company’s unique business processes. Most importantly, time off information will be consolidated for analysis, reporting, and financial planning.
Below are Top Leave Management Service Providers:
HR Mantra
HRMantra HR software has a global leave module-we can set leave system for any firm worldwide however complicated in a few hours. Employees do not need a paper based leave history card or leave application form.
Leave rules can be set at any hierarchy like grade, department or location levels. You can create your own letter templates for leave applications and approvals in case you wish to change the standard predefined letter provided by HRMantra. You can define any number of leave names and compensatory off. For each of these leave names, you can define any number of sub leave names. For e.g. whether casual leave can be encashed or not and whether it can be deducted if an employee comes late etc.
PaySquare
Managing leave data can indeed be a challenging task when done manually or using traditional methods. A technology that simplifies leave management is most needed for streamlining leave and attendance data and Paysquare’s System helps Clients achieve the same.
Paysquare’s Leave Management System enables clients to focus on strategic goals rather than bothering about day to day leave and attendance related operations.
[aw2_module slug=’external-buttons’ name=’PaySquare’ website=’http://www.paysquare.com ‘ /]
Satjyoth Tax and Financial Services
SATJYOTH (Satjyoth Tax and Financial Services), based out of Hyderabad, India, is a Financial consulting and outsourcing firm which offers solutions in Consulting and Outsourcing (F&A, Tax and Payroll) and Financial Products.
Satjyoth serves firms and companies from sectors belonging to IT, BFSI, Retail, Media/Advertising, Cinema and Exhibition, E-commerce, Infrastructure and Solar Power Generation to name a few. Satjyoth’s focus is to improve business performance and optimize costs in business operations. In addition to cost optimization, Satjyoth constantly strives to improve business processes through automation and re-engineering.
[aw2_module slug=’external-buttons’ name=’Satjyoth Tax and Financial Services’ website=’http://www.satjyoth.com ‘ /]
Apart from the above mentioned there are other payroll services which can be outsourced:
Expense Claim Management Service
Your people plan, spend, record, and approve all employee expenses. As a result, stand-alone expense systems that were built independently from HR or procurement-based systems often fail to control organizational spend. Expense claim management system offered by outsourced payroll service providers are unified with market-leading applications, creating the optimal expense solution for your people-driven enterprise.
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Your organization enjoys benefits like:
- Ensure rapid adoption across your global workforce with a consumer-like experience for desktop, mobile, and tablet devices.
- Use intuitive mobile capabilities to capture expense receipt images and submit expense reports on the go.
- Reduce administrative burden by leveraging workers, roles, organizations, and security policies already set up in expense claim management system.
- Automate your unique expense-management business processes while ensuring proper spend controls.
- Enable your global workforce to manage travel expenses with local allowances and complex per diems, vehicle mileage reimbursement rates, and global credit card formats.
- Gain real-time visibility into employee spend with multi-dimensional reporting and analytics via your expenses dashboard.
Mobile Payroll App
The increasing consumerization of the workforce, partnered with the need for immediate data access have helped fuel the growth of the mobile payroll application market. However, mobile payroll solutions have yet to be embraced by a majority of organizations; largely due to data confidentiality concerns and the immense processing requirements of payroll data.
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Still, with newer deployment models, the non-stop growth of tablets, multiple mobile device support and features such as in-memory applications, the allure of mobile payroll’s anytime access, real-time transactions and instantaneous analytics offer what may be compelling benefits.
The benefits your organization enjoys implementing mobile payroll solutions are:
- Easy to connect with your employees
- Save a substantial amount of time and hassles
- Fully responsive and easy to use
- On the go control
- You have your information at hand
- You have your business on the go
For mobile payroll app, SME Joinup has got the best payroll outsourcing service provider:
HR Mantra
Employees can apply for leave, OD, OT, attendance, claims & helpdesk using their smartphones & managers can approve such requests online. Employees can increase their social networking.
Using HR Mantra’s mobile app you get Social feature, employees can post questions on various topics which can be answered by others and viewed by them. You can also create groups & post messages to such groups-it is a combined facility like Facebook & Whatsapp for employees to network. Employees can like, share or comment on a post.
Online Payroll
Online payroll companies allow you to manage and monitor payroll details 24 hours a day, seven days a week from a secure Web browser, and you never have to purchase additional software and equipment. You can enter and update payroll and track employee vacation days and sick pay from your computer or laptop at your convenience.
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Many online payroll companies offer payroll tax filing and payment in addition to basic payroll services, allowing you to focus on other aspects of your business. If email updates are offered, you can sign up to receive payroll status and other relevant account information for quick review.
SME Joinup’s top payroll outsourcing service providers for online payroll are committed to leverage their industry experience and leading technology to provide comprehensive, user-friendly products and services to our many clients. They believe every client deserves exceptional, personal service and are committed to exceeding expectations with every client interaction. They understand the fundamentals of operating a business and payroll is just one of those issues you need to ensure is properly managed.
Below are Top Online Payroll Solution Service Providers:
PaySquare
Paysquare solves and streamlines its clients’ payroll processes. For over 14 years our team of experts is committed to providing Consistent, Accurate, and Timely processing of your companies payroll. We focus on maintaining compliance at all times and strive to continually review and improve our processes to better serve our clients. Paysquare currently processes over 1,20,000 payroll records every month across 300+ clients across India. Most of the clients have been with Paysquare for several years. Across our engagements, we have provided 100% accuracy in payroll processing.
Paysquare follows international standards in its operations and is ISO 27001 as well as ISAE 3402 – SSAE 16 certified. Paysquare also has Business Continuity plans (BCP) as well as Disaster Recovery plans (DRP) in place to ensure that any calamity does not affect business operations of clients.
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HR Mantra
Established in the year 2000, company has invested more than 750 Man years in HCM software to help give the customers more than 10 times ROI and help achieve enormous time saving for its employee driven processes.
HRMantra is available on both On-Premise and Cloud models and has a fully integrated Mobile App for the Self Services driven functions. They are committed to keep continuously innovating rapidly in order to give the best services and deliver excellence in every aspect of HR Automation.
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Intero Solutions
Intero Solutions have been providing payroll services and Human Resource solutions to businesses in the India since 2008 under the name of Human Achievers India. In 2013, with the growth in business, the company corporatized in the form of Intero Solutions Private Limited.
They are committed to leveraging our industry experience and leading technology to provide comprehensive, user-friendly products and services to our many clients. They believe every client deserves exceptional, personal service and are committed to exceeding expectations with every client interaction.
They understand the fundamentals of operating a business and payroll is just one of those issues you need to ensure is properly managed. This is why they take a proactive and professional approach to deliver solutions to meet the unique needs of the clients. With INTERO, the services become an extension of your already existing business functions. Intero Solutions guarantees your payroll is expertly managed.
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Payroll Software Solutions
A payroll system is software which organizes all the tasks of employee payment and the filing of employee taxes. These tasks can include keeping tracking of hours, calculating wages, withholding taxes and deductions, printing and delivering checks and paying employment taxes to the government.
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Payroll software often requires very little input from the employer. The employer needs to input employee wage information and hours—then the software calculates the information including withholdings automatically. Most payroll software is automatically updated every time a tax law changes and will remind employers when to file various tax forms.
SME Joinup’s top payroll outsourcing service providers for payroll software solutions are committed to leverage their industry experience and leading technology to provide comprehensive, user-friendly products and services to many clients. Their 100% free service matches you with vendors who can meet your payroll software needs.
Below are Top Payroll Software Solution Service Providers:
TopSource
TopSource brings to midsize companies a level of service and business value previously available only to the largest corporations. Their services are easy to deploy, highly affordable, and are readily scaled from basic payroll and accounting functions to deliver greatly expanded value as your needs – and your company – grow. Delivery of our efficient and flexible services is made possible by exclusive TopSource technology, most notably our Portico™ HR Data Tracking, archive and workflow system.
[aw2_module slug=’external-buttons’ name=’TopSource’ website=’http://www.topsource.in ‘ /]
Technowin
Technowin is a pioneer in providing web-based Payroll and attendance management systems and services based in Mumbai, India. We do software development, implementation and provide support for payroll and HR management software and services for organization of any size.
Established in 1999 as a small proprietorship firm, Technowin has grown leaps and bounds into a group of payroll experts to become a Pvt. Ltd company in 2008. Our wide range of payroll and attendance solutions and services are used more than 5000 companies worldwide. Technowin is an ISO 9001-2008 certified company and has established itself as a leading solution and service provider for HRMS, Payroll and Attendance Management Systems and services.
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Intersoft International
Intersoft International Private Ltd., is a leader in providing solutions across the gamut of HRMS and Payroll software solutions. Their products have been consistently serving our customer’s needs effectively for over 10 years. Over 600 clients across top 20 industry verticals have been using myHRSuite (Our Human Resource Management Solution) modules to address their critical HRMS applications.
They have consistently upgraded myHRSuite to keep up with the evolving needs of our customers. Their focus and strength has been single point data entry that flows through our entire suite of applications thus ensuring integrity of data ,reduction of paperwork & reduction in time spent on day to day HR processes to help you focus on your core needs.
[aw2_module slug=’external-buttons’ name=’Intersoft International’ website=’http://www.myhrsoft.co.in ‘ /]
Payroll for Small Businesses India
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Full Service – Payroll Management
One alternative is to simplify our work environment by outsourcing non-core functions, such as payroll. Payroll Management prepares professionals to manage a payroll department by introducing them to the most applicable core management skills. Based on market research, the course provides the management content and tools required to be a successful manager, such as decision making and project management. It builds on the foundation of a Payroll Compliance Practitioner’s experience, knowledge and application of legislative monitoring and effective communication of payroll programs and policies.
Maple Tree
Maple Tree is an India based Business Consultancy firm set up by a team of well experienced dedicated professionals rendering comprehensive professional services which mainly include Business Entry Services, Finance and Accounting (F&A), Taxation, Corporate Services and Payroll Management etc.
Client satisfaction and quality work have been our main focus from the day one and we have designed our services in such a way that an entity can avail our services on one stop shop basis i.e. right from the start to the growth phase.
[aw2_module slug=’external-buttons’ name=’Maple Tree’ website=’http://www.mapletree-india.com ‘ /]
PaySquare
Paysquare wants you to focus your time on core business activities instead of tackling operational challenges related to run a consistent and error free payroll for your employees.
Paysquare will take care of the entire payroll management, right from consolidating HR/Finance & employee inputs, to processing of payroll, providing the respective outputs and managing statutory filing, Paysquare helps you manage it all.
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HR Mantra
To succeed in today’s era, your entire business will depend on recruiting, retaining and motivating the right leader. HRMantra helps you in the same. HRMantra manages staffing, induction, HRIS, attendance, leave, payroll, training, Performance Management System i.e. all such HRMS activities from candidate entry till employee exit.
The beauty of opting for our integrated software is that you do not need to worry about multiple data entries, multiple master creations or data migration hassles. In fact HRMantra replaces at least 4 applications and has an inbuilt report designer. HRMantra is very user friendly and is adaptable to any kind of industry: products, process or service.
[aw2_module slug=’external-buttons’ name=’HR Mantra’ website=’http://www.hrmantra.com ‘ /]
Outsourcing Payroll services can have a positive impact on the efficiency and productivity of your business. It is a tempting option over in-house processing. It can make your business a whole lot simpler and give you more time to focus on operating your business.
Connect to SME Joinup’s top Outsourcing Payroll Service Providers for your varying payroll needs.
For more details call on 07838006101 or email at request@smejoinup.com
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Outsourcing payroll services refers to the practice of hiring a third-party company or service provider to handle all aspects of payroll management on behalf of a business. This outsourcing arrangement allows businesses to delegate time-consuming and complex payroll tasks to specialized professionals, freeing up valuable resources and allowing the company to focus on its core operations. Play online basket random